Political Quotes

On the recordMay 22, 1996
Yes, and I will explain what I said to the gentleman. I am sorry the gentleman and his colleagues have done, frankly, such a lousy job in letting these people put $4 billion away, and it was $1 billion and then $2 billion, and now it is $4 billion. Every time, they come up with more money. You explained to us how you had it under control. What happened, Mr. Chairman, was this: They were allowed to spend almost all of that on other purposes, not things that were not authorized, but they were allowed to spend more, because the accounts were added to. They were given that $4 billion, they were given a limit: You can spend so much on this and so much on that and so much there. And because they underspent here, they were allowed to reuse that. You have provided them with every incentive to keep fooling you, and fooling you they have been doing. You have not penalized them at all. If any other agency of the Federal Government got caught with a surplus of this percentage, there would be calls for resignations and impeachments and denunciations. Mr. Chairman, the $4 billion that was found, that was spent in addition to what was authorized in these purposes, that $4 billion is more than the amendment of the gentleman from Vermont would cut. You lost track of more money than we want to cut, so that is how, I think, unfounded it is for you to claim that this in any way jeopardizes it.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Addressing budgetary mismanagement and accountability in federal spending.

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